The Expectation Gap

question 57

Multiple Choice

The expectation gap

• A) exists between the auditor and the SEC.
• B) exists because auditors guarantee the accuracy of the financial statements.
• C) often results in unwarranted lawsuits against the auditor.
• D) is a legal concept supported by the federal courts.

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Definitions:

Big Five

Relates to the five broad personality traits used in psychology: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness Factor

A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well.

Teams Competency

The range of skills and abilities that a team possesses in order to perform effectively.

Extraversion

A personality trait characterized by outgoingness, sociability, and a high level of activity.